Sergey Chernenko is an Assistant Professor of Finance at the Ohio State University in Columbus, OH. C. Fritz Foley is a Professor at Harvard Business School and Faculty Research Fellow at NBER in Boston, MA. Robin Greenwood is a Professor at Harvard Business School and Faculty Research Fellow at NBER in Boston, MA.
Agency Costs, Mispricing, and Ownership Structure
Version of Record online: 4 SEP 2012
© 2012 Financial Management Association International.
Volume 41, Issue 4, pages 885–914, Winter 2012
How to Cite
Chernenko, S., Foley, C. F. and Greenwood, R. (2012), Agency Costs, Mispricing, and Ownership Structure. Financial Management, 41: 885–914. doi: 10.1111/j.1755-053X.2012.01214.x
We thank Malcolm Baker, Bill Christie (editor), Mihir Desai, Masako Egawa, Alp Ercil, Yasushi Hamao, Sam Hanson, Naoki Kamiyama, David Matsa, David Scharfstein, Andrei Shleifer, Jeremy Stein, Kenji Wada, Lucy White, an anonymous referee, and seminar participants at Georgetown, Harvard, IESE, the NBER Japan program, the NBER Law and Economics Program, and Washington University in St. Louis for helpful comments. We also thank Jim Quinn, John Ng, and Sonya Lai for research assistance and Masako Egawa, Alp Ercil, Lydia Petersen, Naoki Kamiyama, Daiwa Institute of Research Ltd., Toyo Keizai Inc., and the Sandra Ann Moreilli Pacific-Basin Capital Markets Research Center for help assembling data. Foley and Greenwood thank the Division of Research of the Harvard Business School for financial support.
- Issue online: 27 NOV 2012
- Version of Record online: 4 SEP 2012
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